Orion Portfolio Solutions LLC: Strategic Shifts in Q2 2026 Holdings

As of June 30, 2026, Orion Portfolio Solutions LLC's portfolio value stood at $12.03 billion. This filing provides a detailed look at the investor's significant purchases and sales during this quarter, reflecting strategic adjustments across various sectors.

Prominent Purchases Observed in Q2 2026

The adOrion Portfolio Solutions LLC investor demonstrated notable buying activity in several exchange-traded funds (ETFs) and other fund trusts during the second quarter. Among the most significant additions were substantial increases in holdings of VUG, IWF, HDV, BNDX, SPSM, COWZ, IUSB, and KLAC.

• The largest purchase was observed in Vanguard Information Technology ETF (VUG), where the fund increased its stake by 1875125 shares, representing a staggering 611.47% increase from the previous period.
• Another major acquisition involved iShares Core MSCI World Small Cap ETF (IWF), with an increase of 513901 shares, a significant 261.66% jump.
• The iShares Core MSCI USA Small Cap ETF (HDV) also saw substantial buying, increasing by 341552 shares or 245.66%.
• The fund added considerable positions in Vanguard Charitable Balanced Fund ETF (BNDX) and SPDR Portfolio Small Cap Core Selector ETF (SPSM), increasing their allocations by 32.39% and 597.07%, respectively.
• Furthermore, Pacer COWZ TR (COWZ) gained a significant position with an increase of 245416 shares or 36.47%.
• The investor also purchased iShares Core MSCI USA Small Cap Value ETF (IUSB), adding 245416 shares, a 36.47% increase.
• Lastly, the fund noted buying activity in KLAC.

In contrast to these significant additions, the investor also divested substantial portions of certain holdings during Q2 2026.

Notable Sales and Reductions in Holdings

The adOrion Portfolio Solutions LLC investor disposed of considerable assets, including large reductions in ETF holdings and outright sales.

• The most drastic reduction occurred with IJR, where the fund sold off 233990 shares or decreased by 69.37% from prior period.
• Similarly, a major sale was recorded for IWB, with an increase in the negative direction of -245416 shares or decrease by 98.07%.
• Other significant exits included selling out positions in NWGG, reducing its allocation to zero, and the sale of IWB.
• Additionally, the fund sold out holdings in LGH, reducing its allocation to zero.
• The investor also disposed of a position in QQH.

These actions, alongside the substantial purchases mentioned earlier, indicate a dynamic portfolio management strategy focused on rebalancing and sector rotation.

Detailed Changes in Top Holdings

The investor's top holdings by value underwent specific changes during Q2 2026. For instance:

• SECT, a fund tracking the S&P Small Cap 400 Growth Index, saw its share count decrease slightly (-57419 shares), though its portfolio allocation remained steady at 9.6%.
• Northern Lights FD TR IV (BUYW) experienced modest growth in holdings (+900428 shares).
• AAPL and NVDA, representing major Technology stocks, saw small share increases of +9324 and +12955 respectively, contributing minimally to the overall portfolio percentage change.
• MSFT also showed a slight increase in its holding (+402976 shares).
• The fund's allocation to Technology sector holdings increased slightly from 13.66% down to 13.58%, primarily due to additions like VUG and IWF.

Furthermore, the investor adjusted its exposure within other sectors:

• In Financial Services, the fund disposed of a position in IWB.
• The allocation to 'Unknown' sector holdings decreased from 57.01% down to 49.82%, while Technology saw a slight reduction.

Overall, the portfolio maintained its structure with minor adjustments in some sectors like Financial Services and Healthcare (where one fund was sold).